Airtel Money Kicks Off £5.3 Billion London IPO
Conditional trading began as the fintech targets a £5.3 billion valuation, giving the London market its biggest IPO in five years.
- African mobile payments firm Airtel Money began trading on the London Stock Exchange on Friday with a £5.3 billion valuation, marking the largest initial public offering in five years.
- Spun off from FTSE 100 firm Airtel Africa, the business operates across 14 nations in Africa and serves around 53 million people with digital financial services through branches and kiosks.
- The firm generated revenues of £1.1 billion in the last financial year, while existing shareholders sold shares worth £582 million with Finance Corp committing to purchase shares through a cornerstone investment.
- Wealth Club strategist Susannah Streeter called the IPO a "much-needed win for the London market," noting the listing provides a boost to the London Stock Exchange amid a dearth of new listings.
- Following Friday's conditional trading where shares closed near their opening price, unconditional dealings begin next week—the real test for whether investors will back Airtel Money's growth story and restore confidence in London as a global listing destination.
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26 Articles
Airtel Money IPO: London’s biggest listing in 5 years makes debut — Check how shares performed post-listing
Airtel Money debuted on the London Stock Exchange in its largest IPO in five years, raising about £529 million and valuing the company at £5.3 billion. The African fintech business serves 53 million monthly users across 13 countries and reported $1.35 billion in FY26 revenue.
Airtel Money makes London Stock Exchange debut
Airtel Money has made its debut on the London Stock Exchange after a significant IPO process. The offer price was set at £1.96 per share, with trading beginning conditionally. Initial trading reflected a slight increase as shares were valued at about £2.00 before easing. Bharti Airtel holds a significant stake in Airtel Money through Airtel Africa. Unconditional trading is expected to start on October 14, 2026.
Airtel Money makes London stock market debut at $7bn valuation after oversubscribed IPO
Credit: Airtel AfricaShares in Airtel Mobile Commerce (LSE: AMC), a subsidiary of Airtel Africa (LSE: AAF; NGX: AIRTELAFRI), rose as much as 2.1% above the £1.96 ($2.62) offer price in early conditional trading before slipping 0.6% below it
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